Is Alamo, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alamo is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Alamo has remained a Seller's Market.

Key Takeaway

Alamo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alamo, CA

How much do homes in Alamo, CA cost?

Median Sold Price

$2,650,000

$824/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$176,000(+7.1%)

Key Takeaway

Homes in Alamo have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Alamo was $2,650,000 in May 2024, up 7.1% from last year, and the median price per square foot was $824.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $871.5K$1.1M
+32.0%
3 $1.7M$1.7M
+1.2%
4 $2.4M$2.6M
+7.9%
5+ $3.1M$3.1M
-2.2%

Summary: Alamo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 2.2%.

Housing Supply in Alamo, CA

How many homes are available in Alamo, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6282+32.3%

Summary: The Alamo real estate market had 82 homes for sale in May 2024, a 32.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 25
+150.0%
4 2327
+17.4%
5+ 3545
+28.6%

Summary: The Alamo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1523+53.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alamo, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Alamo in May 2024, up by 53.3% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.

Days on Market for Alamo, CA

How long does it take to sell a home in Alamo, CA?

Average Sale Time

May 2023May 2024CHANGE
27 Days10 Days-62.9%

Summary: Homes in Alamo had an average of 10 days on market in May 2024, down by 62.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alamo are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in Alamo; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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